California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| 1 |
Coca-Cola
KO
|
$203M |
| 2 |
PepsiCo
PEP
|
$200M |
| 3 |
NextEra Energy, Inc.
NEE
|
$113M |
| 4 |
Newmont
NEM
|
$111M |
| 5 |
McDonald's
MCD
|
$104M |
Top Sells
| 1 |
Apollo Global Management
APO
|
$512M |
| 2 |
Apple
AAPL
|
$248M |
| 3 |
Microsoft
MSFT
|
$209M |
| 4 |
JPMorgan Chase
JPM
|
$134M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
$92.7M |
Sector Composition
| 1 | Technology | 16.08% |
| 2 | Financials | 14.88% |
| 3 | Healthcare | 13.46% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
251
Pinnacle West Capital
PNW
$10.6B
| $78.7M | 0.09% |
836,920
+142,716
| +21% | +$13.4M |
|
|
Y
252
DELISTED
Alleghany Corporation
Y
| $78.2M | 0.09% |
114,739
+19,522
| +21% | +$13.3M |
|
253
Globe Life
GL
$11.3B
| $77.9M | 0.09% |
870,846
+116,814
| +15% | +$10.5M |
|
254
Kinder Morgan
KMI
$59.1B
| $77.1M | 0.09% |
3,694,877
-447,291
| -11% | -$9.34M |
|
255
Charles Schwab
SCHW
$167B
| $76.5M | 0.09% |
1,903,348
-46,943
| -2% | -$1.89M |
|
256
Jack Henry & Associates
JKHY
$11.8B
| $76.3M | 0.09% |
569,882
+72,111
| +14% | +$9.66M |
|
257
FedEx
FDX
$53.7B
| $76.2M | 0.09% |
464,321
-54,083
| -10% | -$8.88M |
|
258
Everest Group
EG
$14.3B
| $76.2M | 0.09% |
308,165
+30,631
| +11% | +$7.57M |
|
259
Southwest Airlines
LUV
$16.5B
| $76.1M | 0.09% |
1,499,155
-95,580
| -6% | -$4.85M |
|
260
Emerson Electric
EMR
$74.6B
| $75.8M | 0.09% |
1,135,894
-94,322
| -8% | -$6.29M |
|
261
Enterprise Products Partners
EPD
$68.6B
| $75.4M | 0.09% |
2,612,560
-346,516
| -12% | -$10M |
|
262
Regency Centers
REG
$13.4B
| $75M | 0.09% |
1,123,691
+262,913
| +31% | +$17.5M |
|
263
Avery Dennison
AVY
$13.1B
| $74.7M | 0.09% |
646,119
+19,624
| +3% | +$2.27M |
|
264
Micron Technology
MU
$147B
| $74.4M | 0.09% |
1,928,756
-142,075
| -7% | -$5.48M |
|
265
Eaton
ETN
$136B
| $74.4M | 0.09% |
893,630
-147,414
| -14% | -$12.3M |
|
266
NiSource
NI
$19B
| $74.4M | 0.09% |
2,582,589
+442,337
| +21% | +$12.7M |
|
267
W.R. Berkley
WRB
$27.3B
| $74.3M | 0.09% |
2,534,783
+366,970
| +17% | +$10.8M |
|
268
Camden Property Trust
CPT
$11.9B
| $72.5M | 0.09% |
694,384
+138,018
| +25% | +$14.4M |
|
269
Marathon Petroleum
MPC
$54.8B
| $72.3M | 0.09% |
1,294,109
-255,643
| -16% | -$14.3M |
|
270
Vertex Pharmaceuticals
VRTX
$102B
| $71.7M | 0.08% |
391,209
-10,796
| -3% | -$1.98M |
|
271
Valero Energy
VLO
$48.7B
| $71.5M | 0.08% |
835,378
-175,943
| -17% | -$15.1M |
|
272
Garmin
GRMN
$45.7B
| $71.3M | 0.08% |
893,673
+128,745
| +17% | +$10.3M |
|
273
Federal Realty Investment Trust
FRT
$8.86B
| $71M | 0.08% |
551,242
+115,197
| +26% | +$14.8M |
|
|
JNPR
274
DELISTED
Juniper Networks
JNPR
| $70.2M | 0.08% |
2,635,951
+328,049
| +14% | +$8.74M |
|
275
Western Union
WU
$2.86B
| $69.3M | 0.08% |
3,485,134
+188,660
| +6% | +$3.75M |
|